Commodities
- Gold jumps 2% on dollar slide, stimulus bets
- LVB bondholders file petition in Madras HC against tier 2 write-off
- NSE-BSE bulk deals: Amansa Holdings trims stake in Hemisphere Properties
- Kohl's shares rally as Sephora to open stores at 850 Kohl's locations by 2023
- Oil prices inch down as OPEC and allies seek consensus on output
- Airbnb aims for about $35 billion value in long-awaited IPO
- Moderna mania draws bitcoin comparisons while shorts bleed
- Ahead of Market: 12 things that will decide stock action on Wednesday
- S&P 500, Nasdaq start December at peak on vaccine optimism
Oil & Energy
MCX
Commodity outlook: How gold, silver, oil and agri-commodities may trade today
Gold was down 0.16 per cent while silver rose 0.97 per cent. Base metal counters were trading mixed with nickel and aluminium in the red. Crude oil fell 0.06 per cent while its peer natural gas added 0.78 per cent.
Oil prices fall as OPEC+ members debate 2021 output policy
Brent crude for January delivery, a contract that expires on Monday, dropped 90 cents, or 1.9%, to $47.28 a barrel by 0944 GMT. The more actively traded February Brent contract was down 89 cents at $47.36.
MIDEAST STOCKS-Markets track oil lower ahead of OPEC+ meeting; most set for monthly gains
Financial markets worldwide have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc and Moderna Inc as well as Britain's AstraZeneca released positive trial data on the effectiveness of their vaccine candidates.
Edible oil industry demands restoration of the import duty on palm oil by March to prevent slide in mustard prices
Edible oil prices have been rising since May despite the pandemic-led demand destruction due to global factors and shortage of domestic mustard crop. India reduced the import duty on crude palm oil with effect from November 27 following an increase in oil prices by nearly 50% in the past six months.
Crude oil prices slip in cautious trading ahead of OPEC+ meeting
U.S. West Texas Intermediate crude futures for January fell 40 cents, or 0.9%, to $45.13 a barrel.
View: With rapid shut down of coal mines, energy transition and just transition must go togather
When the biggest coal mining and coal power companies see their future in renewable energy, it is time for the policy makers to start planning for coal phase-down and Just Transition of coal mining districts.
Govt plans tenders for storage to smoothen clean energy supply
"This (intermittent power) is one of the major concerns brought up by grid operators, power companies and utilities. With solar, we have already issued the round-the-clock and the peak power tender," he said at RE Invest Friday. RE Invest is the flagship event organised by MNRE that is taking place on November 27 and November 28. The event was inaugurated by Prime Minister Narendra Modi on Thursday.
Chief ministers pledge support to renewable energy, cheer investors
Chief ministers from Uttar Pradesh, Gujarat, Madhya Pradesh, Rajasthan, and Himachal Pradesh spoke on Friday at the 3rd edition of RE-Invest, organised by the Ministry of New and Renewable Energy. These states have significant renewable energy capacities, and announced plans to expand them further.
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